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Microsoft announces major structural changes

29/03/2018

Microsoft announces major structural changes
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Microsoft Corp. announced on Thursday it will undergo a major structural reorganization as it plans to set up two new engineering teams. As a part of the structural changes, the company's executive vice president of Windows, Terry Myerson, will be leaving Microsoft "in the coming months."

"Terry has been instrumental in helping me arrive at this new organizational structure, and I deeply appreciate his leadership and insight as we've worked through the opportunity that lies ahead," CEO Satya Nadella stated in an email to employees. The restructuring will also mean executive VP of Microsoft Office products, Rajesh Jha, will add Myerson's responsibilities to his current duties.

The new engineering teams with the aim to "accelerate" innovation will be experiences and devices team headed by Jha and cloud and artificial intelligence (AI) platform division led by Scott Guthrie. Meanwhile, Harry Shum will continue to lead a third engineering team focused on AI and research.

Microsoft shares jumped 1.06% at 5:10 pm CET.

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Source: TeleTrader.com

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